PAYMENT OF UNCLAIMED DIVIDENDS OR UNDISTRIBUTED ASSETS INTO THE COMPANY LIQUIDATION DIVIDEND AND UNDISTRIBUTED ASSETS ACCOUNT IN A WINDING UP (From Rule 179 to Rule 182)
Company liquidation: liquidator must take custody of assets and books and may seek orders for non cooperation. On a winding up order the Company Liquidator must immediately take custody or control of all company properties, effects, actionable claims and books and papers, and persons in possession of company assets or records must deliver them to the liquidator; if required persons do not cooperate the liquidator may apply for an order directing those persons, including counterparties and auditors, to provide information and comply with the liquidator's instructions in collecting information and taking custody of assets and books of account.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Company liquidation: liquidator must take custody of assets and books and may seek orders for non cooperation.
On a winding up order the Company Liquidator must immediately take custody or control of all company properties, effects, actionable claims and books and papers, and persons in possession of company assets or records must deliver them to the liquidator; if required persons do not cooperate the liquidator may apply for an order directing those persons, including counterparties and auditors, to provide information and comply with the liquidator's instructions in collecting information and taking custody of assets and books of account.
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